Gold prices rose, recording the highest settlement price in more than a year, after the decision of the Federal Reserve and a number of central banks. At the settlement of the March 23rd session, gold futures rose by 2.4%, or $46.3, to $1,995.9 an ounce, which is the highest settlement price for the most active … Read more
• The Dow Jones index recorded the largest daily loss in two weeks• Collective decline of the S&P 500 index sectors• The two-year US Treasury yield exceeds 5% for the first time in 16 years• The dollar index rises to its highest level in more than two months US indices closed sharply lower on Tuesday … Read more
In 2022, the market value of Apple jumped at levels of $ 3 trillion, before its decline, but Morgan Stanley believes that the stock is eligible for a rise with a value that exceeds levels of $ 4 trillion. And the American bank said in a note on Friday, March 3, that the stock is … Read more
European stocks rose on Thursday, supported by stocks of consumer goods and energy companies, but data showing that inflation in the euro zone is still high reinforced fears of the European Central Bank’s adoption of a further increase in interest rates. The European index pared back early losses and closed 0.5 percent higher. Energy stocks … Read more
• The Dow Jones recorded the largest weekly loss in 5 months• The Nasdaq Composite records the largest weekly loss in nearly 3 months• The Nasdaq Composite closed below the 200-day moving average• The personal consumption expenditures index rose 0.6% in January• Boeing stock records its lowest close in nearly two months US indices ended … Read more
Analysts from Goldman Sachs (NYSE:) and Bank of America indicated that they expect the US Federal Reserve to raise interest rates three more times this year, and raised their estimates after data indicated persistent inflation and a strong labor market. Producer prices rose in January by the largest margin in seven months, according to Thursday’s … Read more
(Archyde.com) – The Nasdaq closed lower on Friday, as growth-related blue chips came under pressure after earnings indicated higher interest rates, while ride-hailing service Lyft fell after negative earnings expectations. Yields on the benchmark 10-year Treasury rose to their highest in more than a month after Thursday’s auction of 30-year notes saw weak demand. According … Read more
In light of gold’s rise to record levels in the recent period, some analysts are heading to cross the $2,000 per ounce threshold soon. However, there are some opinions that see this as far-fetched, and gold will experience strong declines. According to Harry Dent, founder of HS Dent, “Gold, which has been trading at a … Read more